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Oct 8, 2013
10/13
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the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that price you could buy five run of the mill. these new ones have features, it will send a message to your phone. so if you get a motion from your phone, hour house is on fire. >> thank you very much. check the forecast meteorologist christina loren. you can feel it's a cool start. >> it certainly is. always want to remember that smoke detector and the batteries as we've seen many times smoke detectors save lives a. good looking day shaping up. distinguish air quality. plenty of 50s to go around. 52 in livermore. want to talk about your morning drive.
the debt ceiling deals with money we already spent. expenditures authorized by congress, congress which is then reluctant to paynn for them. alka tell will lay uf 10,000 workers, it has a large presence in silicon valley. we don't know what effect the announcement will have here. the silicon valley company nest has a new product, a smoke detectors. it makes that smart thermostat. the new nest smoke detectors will detect carbon monoxide as well. the cost is about $125. i looked it up. at that...
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Aug 27, 2013
08/13
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to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government. facebook joining google and twitter in revealing as much as it can about demands for data, which is not very much. they wish they could talk about it more. >> interesting. thanks, scott. >>> 6:57, let's clerk back in with christina loren. you have an update on the fire in yosemite. >> we just got the most recent acreage, unfortunately it's not great news. still just 20% contained. now the acreage is up to 179,481 acres up from the 160,000 acres that we reported overnight. so what we can tell you is there's a potential for pretty good showers to move over that fire today
to remind you, the debt ceiling covers repayment of debt we already have. congress fussing about not raising the debt/z+ ceiling. remember congress set the budget. so as we wade through the politics, and there's a lot of politics, keep in mind those truths. finally, jon and laura, brand new this morning, facebook issued a report saying governments from 74 countries have asked for information on 38,000 facebook users in the past six months. half those requests coming from the u.s. government....
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Jan 22, 2013
01/13
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a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach while both sides say they want to do more comprehensive approach similar to what the president laid out but haven't worked out details. >> we'll find out if pressuring their pocketbooks will help out here. the question for you here, why is the vote set for tomorrow and what group do you see most under pressure? >> reporter: they need to deal with this quickly. the treasury department said unless we borrow more money come mid february we won't be able to pay bills. the house has to vote on it. senate has to vote on it. work out kinks a
a vote coming up about the debt ceiling. in other words, they want to raise the debt cerealing ingce. they say that democrats are going to have to in the senate pass a budget or they won't get paid. it's part of the vote coming up. senate democrats being pressured to deal with the budget in a comprehensive way and not two months at a time although this measure they are voting on for the debt ceiling raising the debt ceiling would really only last until spring. still sort of a piecemeal approach...
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Oct 4, 2013
10/13
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debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo, social media site looks to raise $1 billion and will use the symbol twtr though it won't say whether it will trade on the nysd or the nasdaq. it has 218 million monthly users and gets the bulk of ad revenue from mobile devices. twitter is still in the red. facebook is introducing ads to instagram. the photo and video sharing site it bauxt users will see ads occasionally and be able to hide ads after they watch them and provide feedback on why they didn't like a particular ad. but everybody loves ads so i'm s
debt ceiling. a long shutdown and potential debt default could have a greater impact on the economy. the treasury department warns that the default could plunge the u.s. in a worse recession than the one from 2007-2009. there is no economic data today. we were expecting the monthly jobs report but that's been postponed indefinitely because of the government shutdown. the dow dropping 137 to 14,996. the nasdaq losing 41 to 3774. and twitter takes the wraps off the details of its anticipated ipo,...
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Sep 26, 2013
09/13
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wourryes over the debt ceiling have invest terse worried. seema. >> good morning. stocks falling for a fifth day, the s&p 500 the longest losing streak of the year. investors continue to worry about the fight over the budget and debt ceiling in washington. that overshadowing some of the positive news. we get reports out on unemployment, housing and the final look at second quarter gdp which may show that the economy grew more than thought. the dow falling 61 points. twitter striking an advertising deal with the national football league league. nfl will pack its content in sponsored tweets. verizon has exclusive ad rights during the super bowl. its appeal to viewer who is use a service to beat the what they are watching. starbucks filing for a trademark on fizio. the name would be for beverage machines and a variety of drinks. it's testing three flavors. it's giving customers the option to make other drinks fizzy including get this, iced tea and iced coffee. not sure how i feel. >> fizzy iced tea a. fizzy arnold palmer. thanks so much. >> need a good sweater this mo
wourryes over the debt ceiling have invest terse worried. seema. >> good morning. stocks falling for a fifth day, the s&p 500 the longest losing streak of the year. investors continue to worry about the fight over the budget and debt ceiling in washington. that overshadowing some of the positive news. we get reports out on unemployment, housing and the final look at second quarter gdp which may show that the economy grew more than thought. the dow falling 61 points. twitter striking...
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Oct 8, 2013
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debt ceiling with the government shut down in the meantime. the dow and the s&p 500 closing at a one-month low. traders say no one is panicking yet, the head of moody's rating agency says it's extremely unlikely the u.s. will default on its debt. let's hope so. we were scheduled to get data on the trade deficit but it's been postponed due to the government shutdown. the dow starts around 14,936 after falling 137 points t nasdaq at 3770 after losing 38. scott, back to you. >> thanks much. coming up in a bit we'll talk more about what the u.s. can do to avoid default if congress won't help. it's really the default that's the scary thing, not shutdown. default. >> good to know. thank you very much. >> i got a tweet from vera saying we have a lot of bad news. we brought in meteorologist christina loren with a look at the forecast. >> i love my job. that's why i got into meteorology. good morning to you. to me rain or shine it's always good news. temperatures are looking really good out there right now. and weather's one of those things you get in
debt ceiling with the government shut down in the meantime. the dow and the s&p 500 closing at a one-month low. traders say no one is panicking yet, the head of moody's rating agency says it's extremely unlikely the u.s. will default on its debt. let's hope so. we were scheduled to get data on the trade deficit but it's been postponed due to the government shutdown. the dow starts around 14,936 after falling 137 points t nasdaq at 3770 after losing 38. scott, back to you. >> thanks...
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Oct 2, 2013
10/13
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avoid the debt ceiling. he says the government will exhaust borrowing ability on october 17th and have less than $30 billion in cash to pay the bills. he is urging congress to immediately raise the debt limit or raise default. that may not derail the housing recovery. it could delay the mortgage process. most take 30-60 days to close. they pull a barrower's tax records. >>> rob is in for christina. what are we looking like? >> fog, mostly clear, a little chilly. the real taste of fall. 40s and 50s for the morning but 70s by the time we get to the afternoon. 55 in san francisco. a chilly 48 in napa, if you don't like windy weather, enjoy today, because the winds are going to be picking up, specially as we get into thursday and friday. first, let's show you the satellite radar view. the source of the high clouds we have seen moving across the bay area. generally, some thin clouds that will filter the sun. no worries about rain out of these clouds. the pattern shift that's about to take place. clear skies. rela
avoid the debt ceiling. he says the government will exhaust borrowing ability on october 17th and have less than $30 billion in cash to pay the bills. he is urging congress to immediately raise the debt limit or raise default. that may not derail the housing recovery. it could delay the mortgage process. most take 30-60 days to close. they pull a barrower's tax records. >>> rob is in for christina. what are we looking like? >> fog, mostly clear, a little chilly. the real taste of...
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Jan 15, 2013
01/13
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. >>> there are answers for renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of federal reserve officials speaking out about the economy today. the dow rising 18 points in yesterday's trade and nasdaq slipping eight to close at 3117. here's our top story. treasury secretary tim geithner is calling on congress to raise the debt ceiling. in a letter to lawmakers geithner says it could cause harm to the u.s. economy. the government will run out of tools to avoid defaulting on debt sometime in late february or early march. that would mean social security and other government benefit checks would stop going out. fed chairman ben bernanke is joining the cause saying the economy
. >>> there are answers for renewed calls for congress to raise the debt ceiling. for more on that and a look at the world markets and how they did overnight, we turn to seema mody at cnbc world headquarters. >> good morning to you. let's start with markets. futures lower after a mixed session on monday. as you pointed out apple weighing on tech on reports that it is cutting component costs but dell took others higher on talks it's in talk with several firms. we get a trio of...
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Jan 7, 2013
01/13
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the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card. >>> a big day for the 49ers faithful. in just hours tickets will go on sale for this weekend's divisional playoff game again the green bay packers. tickets will only be available online through ticket master starting at 10:00 this morning. the game will be played on saturday at the stick at 5:00. >>> on the college scene is the game for all of the glory number one ranked notre dame taking on number two alabama. that's the bcs national championship game in miami. alabama trying to claim its third national title in four years and become the very first school to win back to back bcs titles. kic
the debt ceiling vote will authorize payment for debt we already incurred. let me show you an example as someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants a new credit card after he maxed out the last one. >> that's a senator from wyoming. a better analogy would be we maxed out that credit card and we need to pay that bill. credit card companies want you to pay for what you bought before issuing that new card....
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Oct 16, 2013
10/13
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raising the debt ceiling is usually a formality for members of congress. why not now. >> lots of things have happened. several conservative republicans, four dozen to be exact, want to do away with the affordable care act and reduce government spending. they're withholding approval of an increase to get the democrats and president obama to agree to both of those changes. now, the democrats and obama say they're not going to run the government this way. in fact, let's lift the debt ceiling first and then we'll talk about negotiating, they say. >> at that point the senate seems to be coming together on the debt ceiling but you have one section of the house which seems to be digging in its heels. >> you know, jessica, this is the thing so interesting for me. we think of the united states as a two-party system, but in a very real sense, for the moment, we have a three-party system. look, we have democrats, republicans, and, yes, tea party republicans. the problem for speaker john boehner in the house is that he's presiding over two parties, republican party an
raising the debt ceiling is usually a formality for members of congress. why not now. >> lots of things have happened. several conservative republicans, four dozen to be exact, want to do away with the affordable care act and reduce government spending. they're withholding approval of an increase to get the democrats and president obama to agree to both of those changes. now, the democrats and obama say they're not going to run the government this way. in fact, let's lift the debt ceiling...
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Jan 23, 2013
01/13
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first of all, raising the debt ceiling. allowing the country to borrow more to pay off the debt that we have already incurred. something president obama was pushing more. conservative republicans wanted to see cuts first. now the republican leadership said we won't link the two. we'll raise the debt ceiling until the middle of may. however there is a catch. they want to ensure that a budget is in place. a spending plan for the country. so the vote also says if lawmakers on either said don't pass a budget by april 15 -- tax day for everyone else -- they would lose their income. no paychecks until they have a budget. that's where we are now. that's the crux of the vote coming up today. the white house says the president will sign the bill if it's passed. republican ps have been counting their votes. despite opposition still from conservatives who want to see spending cuts happen first. they believe they have the votes for it to pass. 17 conservatives could derail that. >> we'll see if there is movement. thank you very much. >
first of all, raising the debt ceiling. allowing the country to borrow more to pay off the debt that we have already incurred. something president obama was pushing more. conservative republicans wanted to see cuts first. now the republican leadership said we won't link the two. we'll raise the debt ceiling until the middle of may. however there is a catch. they want to ensure that a budget is in place. a spending plan for the country. so the vote also says if lawmakers on either said don't...
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Jan 4, 2013
01/13
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in the senate, republicans vow not to raise the debt ceiling again unless congress cuts spending. >> the first step in this debate is for democrats to get over their fanatical commitment of spending every dime the government got its hands on. it has to stop. >> a future budget agreement must balance thoughtful spending reductions with taxes on the wealthiest among us. >> reporter: it is expected to hit its borrowing limit again in february, another fiscal cliff, round two, begins today. also on their agenda overhauling the tax code. tracie potts, nbc news, washington. >>> futures are down slightly ahead of big economic numbers due out today. toyota and audi want to let your car doing the driving for you. for more on that and the rest of your news before the bell, we turn to brian shactman live at cnbc world headquarters. good morning. >> reporter: good morning. futures have improved a bit. basically flat ahead of the big economic report of the day, the december jobs number. analysts expect another month of slow but steady growth but not enough to call it a turning point for the econo
in the senate, republicans vow not to raise the debt ceiling again unless congress cuts spending. >> the first step in this debate is for democrats to get over their fanatical commitment of spending every dime the government got its hands on. it has to stop. >> a future budget agreement must balance thoughtful spending reductions with taxes on the wealthiest among us. >> reporter: it is expected to hit its borrowing limit again in february, another fiscal cliff, round two,...
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Jan 14, 2013
01/13
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we hit that debt ceiling and now it's about the debt limit. >> we hit it in technically in december but in order to keep paying the bills the government delayed some payments so it looks like we'll hit that ceiling or that limit again in mid february. congress has got to do something about that. the house is back today. republicans are going to push for spending cuts. remember their mantra has been no more borrowing without limiting what we're spending and among spending cuts they are likely to look at social security this time. >> there's also some trouble on capitol hill ahead of chuck hagel's confirmation hearing. >> the confirmation hearings we have coming up at least three of them. chuck hagel could be the most difficult because democrats and republicans here have some challenges and lots of questions for him. still they say about the stance on iran and things he said about iraq and israel and whether he stands close enough with israel as ally. the white house is confident he'll be confirmed. it's not going to be an easy process. >> one month since the school shooting at sandy hook
we hit that debt ceiling and now it's about the debt limit. >> we hit it in technically in december but in order to keep paying the bills the government delayed some payments so it looks like we'll hit that ceiling or that limit again in mid february. congress has got to do something about that. the house is back today. republicans are going to push for spending cuts. remember their mantra has been no more borrowing without limiting what we're spending and among spending cuts they are...
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Oct 15, 2013
10/13
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not raising the debt ceiling is deciding it new pay the bill after it shows up. speaking of the threat of shutdown, blackberry. the canadian phone maker will publish full page ads reassuring consumers it's not exiting the consumer market. and asking them to stick with blackberry. so the senate seems to be in harmony. it's house music we need to be worried about with. what does wall try think? bertha coombs is live. good morning. >> good morning, scott. yesterday was a real indicator of how closely wall street is watching washington. we were down much of the day when it looked like there was a stalemate. but then things reversed late in the day and we ended at the highs of the session. investors optimistic on word that senate leaders could be closing in on a deal to end the shutdown and raise the debt ceiling. that deadline is thursday when we would go into possible default. no major economic data because of the shutdown. we were supposed to get inflation data. we do get earnings from citigroup korks ka cola matched expectations, we'll hear from johnson & johnson.
not raising the debt ceiling is deciding it new pay the bill after it shows up. speaking of the threat of shutdown, blackberry. the canadian phone maker will publish full page ads reassuring consumers it's not exiting the consumer market. and asking them to stick with blackberry. so the senate seems to be in harmony. it's house music we need to be worried about with. what does wall try think? bertha coombs is live. good morning. >> good morning, scott. yesterday was a real indicator of...
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Sep 25, 2013
09/13
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he is trying to delay a vote on the plan to raise the debt ceiling. we'll have a live report from capitol hill coming up next. young adults, and that was the "star wars" franchise. the discussion of a rebellion against oppression, i think it captures a lot of what's going on here. we started this debate some 18 hours ago talking about the divide between the washington establishment that is not listening to the american people, that is >>> welcome back. senator ted cruz has been there for 17 hours. all this has to do with your health care. republicans are talking through you the night and they plan to keep going. "today in the bay's" tracie potts is live on capitol hill to explain how senator cruz is throwing a wrench in today's vote on health care and a new budget. to be sure, this isn't actually a true filibuster? >> reporter: no, it's not. you will have to give it up at some point around mid-day when they plan to have this vote. he is going to have to take a seat. what you are not seeing are the brand new black sneakers that staffers say he could bo
he is trying to delay a vote on the plan to raise the debt ceiling. we'll have a live report from capitol hill coming up next. young adults, and that was the "star wars" franchise. the discussion of a rebellion against oppression, i think it captures a lot of what's going on here. we started this debate some 18 hours ago talking about the divide between the washington establishment that is not listening to the american people, that is >>> welcome back. senator ted cruz has...
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Oct 10, 2013
10/13
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in the meantime, house republican leaders will visit the white house today to talk about the debt ceiling. president obama had invited the full republican caucus but speaker john boehner is only bringing the house leadership team and committee chairs to talk about the government shutdown. president obama met with the house democratic k iic caucus. >> the shutdown is hurting the craft beer industry. the agency known as the tax and trade bureau now responsible for approving new applications for brews and labels. because the agency is closed, nothing is getting approved. for beer lovers, that means seasonal suds especially ones made for the holidays, probably will not make to the your shelves. >> we live in california so we kind of don't have seasons so we need those, the pumpkin spice indicator so to speak. that will be a shame that we can't sample new things. >> got serious need for ingredients for the brew. among the companies affected, gordon beers here in san jose, it has several new beer labels waiting for permits and they are all on hold because of the ongoing shutdown. >> it's 5:45.
in the meantime, house republican leaders will visit the white house today to talk about the debt ceiling. president obama had invited the full republican caucus but speaker john boehner is only bringing the house leadership team and committee chairs to talk about the government shutdown. president obama met with the house democratic k iic caucus. >> the shutdown is hurting the craft beer industry. the agency known as the tax and trade bureau now responsible for approving new applications...
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Jan 22, 2013
01/13
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there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid. we'll see how that vote goes later today. the president laid out a number of things including climate change, gay rights, health care immigration, and it remains to be seen how much of that they will be able to tackle in the second term. >> he better eat his wheaties. time to get done. thank you very much. >>> happening now, fire crews are battling to contain a fire at beale air force base about 50 miles north of sacramento. the fire has been burning for hours. this is what it looked like just last night. firefighters say they now have the fire about 75% contained. it broke out about 2:3
there's a vote scheduled in the house tomorrow that would allow us to raise the debt ceiling. republicans said they didn't want to do that without cutting back spending. the president didn't want the two linked and republicans apparently have relinquished that threat and pushed for the raising the debt ceiling temporarily into the spring to pay bills. they also say if either chamber doesn't come up with a permanent budget, that chamber, either the house or senate, the lawmakers won't get paid....
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Oct 2, 2013
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is expected to hit the debt ceiling. to are more, let's check in with seema mody live at cnbc world headquarters. she is live with that and so much more. good morning. >>> good morning to you. futures are lower after stocks posted modest gains on tuesday. investors appear unphased by the government's shutdown on hopes it will be short-lived causing limited damage on the xle. it could take on added weight from economists as the labor department may not release the monthly jobs report on friday due to the government shutdown. the dow rising 62 and the nasdaq, 46. treasury secretary, jack lieu, says he is using the tools to help us avoid the debt ceiling. we will exhaust our borrowing activities on october 13th. owe is urging congress to immediately raise the debt limit or risk default. hyundai is learning a helping hand to help workers that are furloughed. people that buy won't have to make payments until january. they won't have to pay until they go back to work. hyundai received a lot of publicity in 2009 when it offered
is expected to hit the debt ceiling. to are more, let's check in with seema mody live at cnbc world headquarters. she is live with that and so much more. good morning. >>> good morning to you. futures are lower after stocks posted modest gains on tuesday. investors appear unphased by the government's shutdown on hopes it will be short-lived causing limited damage on the xle. it could take on added weight from economists as the labor department may not release the monthly jobs report on...
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Oct 8, 2013
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that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk. >> reporter: next up, that october 17th deadline with concern that congress won't raise the debt ceiling by then. what is it? it's the equivalent of the credit card limit, when nay run out of money and can't borrow another dime. it's nearly $16.7 trillion dollars, trillion, with a t. it's estimated to hit it on the 17th. then if the congress doesn't green light the borrowing of more, the u.s. could default. bad news for social security recipients, medicare providers and members of the military, all scheduled to get the payments november 1st.
that's the debt ceiling. as bad as the shutdown is, economists warn that failing to raise the debt ceiling would be infinitely worse. it's now week two of the government shutdown that both sides insist they want to end. >> congress should do what's in the best interest of the economy and the american people. >> house speaker john boehner is demanding the president make a deal. >> mr. president, it's time to have that conversation before our economy is put further at risk....
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Oct 16, 2013
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good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're at. if they don't get that debt ceiling raised, they won't be able to go out and make that short-term borrowing to cover those bills on that day. >> think of our bank account. if you put your atm card in, you can't withdraw money if you don't have money in the account. >> beginning of the, month the mortgage is due, the car, the groceries and your kid needs something for school. >> brian, what happens tomorrow? say there is no deal. we hope there is, but maybe there won't be. is it the end of the world tomorrow? is it in a week? is it november 1st as some have said? >>
good to have you here. >> good morning. >> debt ceiling. first of all, when people hear this term and the shutdown as we said, people are like, i don't get it. what does this really mean to me? is the government really going to run out of money? deborah? >> the debt ceiling is the authorization for our country to pay its bills. sometimes that day comes and they don't quite have enough money so they have to borrow a little to pay those bills on that day, and that's where we're...
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Oct 10, 2013
10/13
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barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president obama warned of economic turmoil if the u.s. doesn't cover its debts. >> the financial markets can't even imagine that we would get to a point when we wouldn't be paying our bills. >> reporter: still, a group of hard core republicans who summed up the debt limit deniers said the president is exaggerating the impact. >> i'm not advocating we go through the debt ceiling deadline. but what am i saying is if you go through it, you will not default. >> the debt ceiling does not equal default. >> reporter: most federal budget experts call that talk, dangerous. >> this is the equivalent of saying, you know, let's pu
barreling towards its borrowing limit, the so-called debt ceiling deadline now exactly one week away, few signs of real progress. house democrats huddling with the president late wednesday. >> the debt ceiling needs to be lifted. >> reporter: among the glimmers of hope, some republicans are weighing their willingness to accept a short-term debt limit deal and top republicans shifted their focus away from gutting the president's health care law. in an interview with wrc, president...
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Sep 26, 2013
09/13
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that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get you in the end? what is the real end game here? the law is still the law and upheld by the supreme court and it's going to have its effects positive and negative as we move forward over the next few years sglp david gregory, much more on "meet the press." thank you for that. we should let everybody know we should be focusing more on this new health care law. its impact on you all next week across the platforms of nbc news. >>> we also have new details this morning on last week's deadly shooting at that navy yard in washington, d.c. surveillance video is now emerged showing the gunman inside the
that's why nobody messes with this and they always end up raising the debt ceiling, whether they want to or not. most americans don't support doing that and the president won't talk about any kind of negotiation raising the debt ceiling because congress paying its bills that they appropriated. house republicans, especially the leadership think it's a more palatable fund that we're not going to defund obama care, but can we delay it? why not delay more of it. my big question, what does that get...
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you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this debate? >> i don't offer my advice to the president in that way. what i've dealt with the president on is hurricane sandy and that's what the nature of our relationship is. he is not calling me matt at 11:00 at night and saying, hey, chris, what are you thinking about this? that's not how the relationship works. the fact is, i'll continue to speak out publicly about the things that i think are important, and anybody in washington, d.c. who wants to come to new jersey and see om of the stuff we're doing, how i'm working with the democratic legislature to try to bring compromise and
you have a number of other things that you can do that includes the debt ceiling. my point is that you have to get to the table and start working now. if we wait before the week or so before to start talking to each other we won't get it done. >> you forged a nice relationship with the president in the wake of hurricane sandy. you guys hit it off. there was that bromance that everyone talk about. do you still have his ear? might you be of some use as he approaches republicans during this...
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...